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FOR IMMEDIATE RELEASE

CONTACT: MILISSA REIERSON
MAY 18, 2006
(615) 741-2257 (O)
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APRIL UNEMPLOYMENT RATE 5.4 PERCENT
RATE DOWN FROM LAST YEAR, UP FROM MARCH

NASHVILLE - Tennessee’s unemployment rate for the month of April is 5.4 percent, up 0.3 percentage point from the seasonally adjusted March rate of 5.1 percent, Commissioner of Labor & Workforce Development James Neeley announced today. The national unemployment rate for April is 4.7 percent, the same as the March rate.

“ Tennessee’s economy continues to create significantly more jobs, close to 30,000 from March to April according to the business survey,” said Commissioner Neeley. “The month to month increase in the unemployment rate is largely due to the increase in the number of people looking for work in Tennessee. That number, according to the household survey, grew by 18,800 since March. A large number of new people entering the labor force is a positive sign Tennessee is experiencing a healthy economy.”

March-to-April figures show increases in leisure and hospitality, up 11,800 jobs. Employment in professional and business services increased by 3,600. Federal, state and local government employment increased by 3,400 jobs. Month-to-month employment decreases took place in local government educational services with 700 jobs lost. Clothing and clothing accessories store employment dropped by 500 jobs, and primary metal manufacturing lost 300 jobs.

From April 2005 to April 2006, trade, transportation and utilities increased by 10,400. Jobs in leisure and hospitality rose by 9,200 and educational and health services jobs increased by 6,600. Employment decreased in manufacturing by 5,700, food and beverage stores by 1,200 and federal government jobs by 800.

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